Flexible Work, Better Balance
As Model Validation Officer, you will join the team ‘Model Validation and Actuarial Function’. Model validation is part of the risk function and centralized at corporate center for the entire Ageas group.
Model validation provides an independent opinion of the model appropriateness. Validation is a fundamental Solvency II requirement for institutions willing to qualify for an internal model approach to determine regulatory capital requirements and also after qualification. This requires insurance institutions to demonstrate that they have in place a rigorous process by which they can establish whether their internal model framework is sound or whether improvements are needed. Model Validation also reflects on internal management priorities and covering all aspects of the internal model environment. Validation covers all the aspects of a model (strategy, data quality, methodology, testing, use-test…) and plays a role during the whole model life cycle (model developm...